Rent the Runway (RENT) Expected to Announce Quarterly Earnings on Tuesday

Rent the Runway (NASDAQ:RENT) is anticipated to post its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect Rent the Runway to post earnings of ($3.48) per share and revenue of $77.60 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Rent the Runway Price Performance

Shares of NASDAQ RENT opened at $5.00 on Tuesday. The company has a market capitalization of $19.41 million, a P/E ratio of -0.23 and a beta of 1.33. The company has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $8.18. Rent the Runway has a 1 year low of $3.70 and a 1 year high of $41.81.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Rent the Runway in a research report on Tuesday, December 10th.

Rent the Runway Company Profile

Rent the Runway, Inc operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering.